NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Energica Motor
Company S.p.A. (Energica), a leading manufacturer and distributor
of high performance 100% battery-powered electric motorcycles,
today announced it had expanded its network to 20 dealers in the
U.S. Energica motorcycles are manufactured in the heart of the
Italian Motor Valley incorporating state-of-the-art, race-derived
technology. Ideanomics (NASDAQ: IDEX), (the Company) a global
company focused on driving the adoption of commercial electric
vehicles and associated energy consumption, is in the process of
increasing its ownership stake in the company from 20% to
approximately 70%.
Thanks to Ideanomics' support, the Energica brand brings the
most advanced electric motorcycles on the market to an even wider
audience of U.S. motorcycle enthusiasts. Energica experienced
global sales growth of 91% in 2020, and as sales continue to
increase in 2021, additional retail points will propel this beloved
Italian brand to success in America.
On September 20, 2021,the Company
stated that Energica would double its dealer network by 2022,
and today the Company confirms they are moving towards achieving
that goal. As of today, Energica has 14 active dealers and has
recently inked contracts with 6 more in Colorado, Hawaii, New
Mexico, New York,
Ohio, and Washington. This
most recent expansion progresses their efforts to bring more U.S.
dealers into the pipeline after recently adding two locations in
Wisconsin.
"The demand for Energica bikes has been so high that dealers are
currently taking pre-orders and virtually every bike that enters
the U.S. is spoken for," said Stefano
Benatti, U.S. CEO of Energica. "Our two most recent dealer
additions are our first to represent Energica in the very important
mid-West market - Tytlers Cycle and Moto Union - both located in
Wisconsin. Over 2.7 million riders are in the mid-West
region, of which 308,000 are in Wisconsin. Interestingly, Wisconsians are
especially devoted to riding as they have the highest number of
riders per capita in the mid-West and are much more likely to ride
than either New York or
California residents according to
the Motorcycle Industry Council. By expanding our dealer
network using very rigorous selection criteria, we are exceeding
our growth goals and are excited to continue that trajectory in
2022 and beyond."
"Energica motorcycles are a great step forward for the
motorcycling community," says Michael
Kiley, principal and owner of Tytlers Cycle and Moto Union.
"After watching Larry Pegram ride an
Eva Ribelle around Road America at top speed using just a little
more than 1% of the battery range per lap – I think the world has
had its eyes opened to the range potential of these bikes." Kiley
adds that "you've heard the phrase Tesla builds an electric vehicle
that happens to be a car and others build cars that happen to be
electric. Energica builds a fantastic motorcycle that happens to
have all the advantages of electric. Energica is advancing and
growing motorcycling at the same time."
The current U.S. dealer network where customers can order or
pre-order an Energica motorcycle today are as follows:
- CalMoto, CA
- Pro Italia, CA
- Moto Club, CA
- Yamaha Sports Plaza, OR
- AF1 Racing, TX
- Hudson Valley, NY
- Team Powersports, NC
- CycleMax, MD
- Euro Cycles of Orlando,
FL
- Euro Cycles of Tampa, FL
- Euro Cycles of Daytona, FL
- Energica Of New England, MA
- Tytlers Cycle, WI
- Moto Union, WI
About Energica Motor Company S.p.A.
Energica Motor Company S.p.A. is the world's leading manufacturer
of high-performance electric motorcycles and the sole manufacturer
of the FIM Enel MotoE™ World Cup. Energica motorcycles are
currently on sale through the official network of dealers and
importers.
About Ideanomics
Ideanomics is a global company focused on the convergence of
financial services and industries experiencing technological
disruption. The Ideanomics Mobility division is a service provider
which facilitates the adoption of electric vehicles by commercial
fleet operators through offering vehicle procurement, finance and
leasing, and energy management solutions under an innovative sales
to financing to charging (S2F2C) business model. Ideanomics Capital
is focused on disruptive fintech solutions for the financial
services industry. Together, Ideanomics Mobility and Ideanomics
Capital provide global customers and partners with leading
technologies and services designed to improve transparency,
efficiency, and accountability, and offer shareholders the
opportunity to participate in high-potential growth industries.
For additional information and news on other Ideanomics
subsidiaries please visit https://ideanomics.com.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
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SOURCE Ideanomics